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20120924
20121002
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quarter on stocks have some thinking that president obama is a "bye." if market pundits are right, mitt romney shut be scare the because a reliable barometer just turned bad for him. stocks closing out the trading month up and the latest quarter up a lot more. the dow, despite today's soft performance, surging 2 percent this month, almost double that in the last three months. stronger quarterly gains for the s&p 500 and nasdaq which means in an election year, good for the incumbent almost every election year. 39 days out, does that mean that the president is in? our market watcher says no, not when you factor the recent state of bad economic numbers. or the scores of major u.s. companies throwing workers out. larry, which is the more dominant theme? >>guest: just to illustrate that point, look no further than a country like greece on the verge of a depression, 25 percent unemployment, civil unrest, yet their stock market is up almost as much as our stock market. it shows you how disconnected main street has become from wall street in this committee. the reason for that is because of unp
. it doesn't necessarily mean anything. i am wondering if what this is saying for president obama is that people are going to look at their financial statements, if they are lucky enough to have accounts and they are up, or they will look at their home values if they are lucky enough to have a home going up in value and they feel, on paper, some of this wealth affect we hear about. you dismiss that? >>guest: well, it is a good point that perhaps what this is telling us is that bernanke at the federal reserve is throwing the kitchen sink at this to stimulate it through the economy, through the election, and stimulate us through the fiscal cliff which could lead to asession down the line. the question is, are investors going to look at main street data and see the weakness which business owners see each day or will it look at the 401(k) state? the short run the 401(k) sames are powerful. in the long run, the economic data is reality. we know that the federal reserve alone cannot solve the world's problems. you have to have harmony in washington, you have to have uni in washington an
Search Results 0 to 1 of about 2